The suburb’s capital gain of 4.63% for the past year is higher than average compared to its 17.87% growth within a five-year period.
Also in OAKLANDS PARK, the median home price is sitting at $475,000, and the average rent at $390, this suggests property owners could potentially earn a 4.27% increase in gross rental yield.
Property investors have seen a -0.84% drop in OAKLANDS PARK based on a decrease in median home prices for the past three months.
A survey of average capital gains or median home price increase in suburbs across the country shows that this suburb obtained a 4.93% growth over a ten-year period. It ranks 1589th on our list of suburbs that property investors should look into.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||4.63%||9.97%|
|Median 3 years||8.57%||19.05%|
|Median 5 years||17.87%||17.83%|
|10 years average annual||4.93%||4.16%|
|Weekly media advert. rent||$390||$320|
|Time on Market||75.9 days||76.4 days|
|Gross Rental Yield Percent||4.27%||4.44%|